Chart for EW looks very good right now. C&H pattern.
Good earning will break that rim of that cup and to $90 level.
RSI still low which is very good, not overbought at all.
So management, give a us a GREAT earning this time. shareholders wants EW back to $110. you can do it..quite a few good news lately.
AH price for EW is $77.5. On good news, EW wins MDT.
TA speaking, gap is being filled now.
Nasdaq dropped like a rock and money moving to safe names like EW BAX.
When Nasdaq, SPY retrace that will even more bullish for EW on good news so EW can break out.
These indexes are over sold, especially Nasdaq.
Hope that EW will announce good ER so it will bring back the momentum traders to drive it back much higher. EW still far from all time high $110. Management, keep up the good news. We need good earnings !!!!
The C&H looks good.
Kkep it up.
RSI pulled back some and the price pulled back to release a little overbought,
Now it looks very good because RSI. Is no longer high and have room to fill the gap..
Market was weak to day and EW closed in light green. Actually good.
This is how see TA for EW.
After a long green candle, EW consolidating above 1/2 of that candle which is what longs want to see. It tried to test $74 which is the low of that huge gap. If it continues to consolidate around here means the sellers don't want to sell much any more then the buyers feel comfortable of moving in. When this happens and market shows strength then it can run up to feel the gap.
The consolidation is also good in a way that it releases the RSI some so it is not overbought (short term, not longterm from $110. Clearly).
These days, stock market is a TA market. So hope there are good news or buyback for EW to fill the gap to show strength.
Also I see messages on the market pulse keep saying Mr. Mussalem sold shares. I said this many times, he is a great great man and he has a schedule to sell shates to give to charity. DO NOT pay attention to this. Actually you want to invest in a heart business with a CEO who has a big heart!